SEATTLE (Recycling Monster): Closed Loop Partners have made investments of around $15 million over the past one year towards improvements in recycling infrastructure and services in Virginia, Iowa and Missouri. The Closed Loop Infrastructure Group invested in a project to upgrade 90,000 and 162,000 recycling carts in Virginia and Missouri respectively as well to upgrade recycling equipment in Iowa.
RELATED NEWS:
EPA Awarded Over $700,000 in Grant toBandera County, TX
EPA Awarded $4M to Iowa City Landfill and Recycling Center
Earlier in July this year, the Closed Loop Infrastructure Fund offered a $4 million loan to the Central Virginia Waste Management Authority (CVWMA) towards purchasing nearly 90,000 new 95-gallon recycling carts and as part of upgrading from smaller 24-gallon carts.
Kim Hynes, Executive Director, CVWMA noted that the Closed Loop project provides better recycling access to residents in the region. Also, the project has resulted in significant increase in recycling collection volumes, because the new larger carts are easy to carry to the curb.
A similar project, in partnership with the Recycling Partnership, Dow, and the American Beverage Association’s Every Bottle Back initiative, was run in Kansas, Missouri, which bought 162,000 new 60-gallon carts in replacement of the 20-gallon carts. The Closed Loop had given $5.4 million loan to finance the purchases.
